|In June 2022, passenger car registrations continued their downward trend in the European Union (-15.4%), as supply chain issues continue to limit vehicle output.|
|In June 2022, passenger car registrations continued their downward trend in the European Union (-15.4%), as supply chain issues continue to limit vehicle output. With 886,510 units registered, this is the lowest month of June on record (in terms of volume) since 1996. All four major EU markets contributed to the fall. Germany posted the strongest decline (-18.1%), followed by Italy (-15.0%) and France (-14.2%). Spain on the other hand saw a more modest decline (-7.8%).|
|Over the first half of 2022, new car registrations in the EU shrank by 14.0% compared to one year earlier, totalling around 4.6 million units. All of the region’s major markets recorded double-digit drops: Italy (-22.7%), France (-16.3%), Germany (-11.0%) and Spain (-10.7%).|
222 Registration Begins: New car registrations marginally ahead first half of the year. The Society of the Irish Motor Industry has released the official 221 new vehicle registration figures for June.
New car registrations for June were down 22% (2,154) when compared to June 2021 (2,762). Registrations year to date are up 2.1% (65,176) on the same period last year (63,853) and are 19.3% behind (80,758) that of pre-Covid levels.
Used car imports for June (4,346) have seen a decrease of 22.8% on June 2021 (5,629). Year to date imports are down 32.6% (24,112) on 2021 (35,753).
For the month of June 187 new electric vehicles were registered compared to 390 in June 2021. So far this year 8,444 new electric cars have been registered in comparison to 4,330 on the same period 2021.
Electric Vehicle, Plug-in Hybrids and Hybrids continue to increase their market share, with a combined market share now of 42.49%. Petrol continues to remain dominant with 28.22%, Diesel accounts for 26.87%, Hybrid 22.50%, Electric 12.96% and Plug-in Electric Hybrid 7.03%.
Commenting on the new vehicle registrations Brian Cooke, Director General SIMI said: “New car registrations for the first half of the year are marginally ahead (2.1%) of last year but remain 19.3% behind that of 2019 (pre-covid levels). The continuing surge in Electric Vehicle sales, up 97% for the first half of the year, continues to be the one positive aspect of the new car market. While overall new car registrations for June are down 22% on the same month last year, the Industry is as ever optimistic that the new 222 registration period, which begins today, will help boost sales and attract vital trade-ins for the used car market. Feedback from retailers is that July will be very busy, and consumers are advised to shop around for the best deals on new and used cars.
Despite pent-up demand following two years of interrupted business, new car sales continue to drag due to supply constraints. While the supply issues will start to unwind in the short term, we now have the spectre of inflation and global political uncertainty. These have the potential to dampen new car demand at this critical juncture in reducing transport emissions. In this environment it is vital that Government continues to incentivise electric vehicles by extending current supports, and also refrain from any further taxation increases which will only suppress demand hampering our ability to decarbonise the national fleet.”